USAFLPanama City[No Recorded Subdiv]2532 Joan Ave

Aeriel view of warehouse boasting 9000 sq. ft with entrance on high traffic Joan Avenue, PCB, FL 32408. Close proximity to Panama City Beach. | Image 1

2532 Joan Ave, Panama City, FL

Name: 2532 Joan Ave, For Sale in Panama City - Zoocasa
Brand: CENTURY 21 Ryan Realty Inc
SKU: 785853
Price: 2500000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$2,500,000

000

MLS® 785853

Overview

Key Facts

Type Industrial

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes

Days Active 0

Approx. Age 2022

MLS® Number 785853

Property Address: 2532 Joan Ave, Panama City, FL, 32408-4112

Average square foot calculated using Size range provided by listing agent.

Description

FUTURE-PROOF PCB ASSET: 9, 000 SF 2022-BUILD WITH 10-STORY VERTICAL POTENTIAL Seize a premier 0.998-acre commercial footprint on Joan Avenue, positioned directly in a high-growth corridor evidenced by a neighboring property trading for $15.4M last year. Built in 2022 to rigorous 140 MPH wind standards, this high-spec complex features 100 feet of prime street frontage and a deep 435-foot lot. The property carries a rare 100-foot height allowance, offering massive potential for future vertical expansion. MAXIMIZED RENTAL POTENTIAL: TURNKEY 6-UNIT INVESTMENT CONFIGURATION This 60' x 150' engineered steel facility is a ''plug-and-play'' multi-tenant opportunity designed to maximize your ROI. The current layout is optimized for high-demand flex use, with the first section serving as 2 premium executive offices, a conference room and public bathroom. While the building already features five sections ready for separation, a small investment of approximately $10, 000-$12, 000 allows for the addition of two walls and four bathrooms to complete the full 6-unit complex. With two bathrooms already existing and plumbing stubs in place for the remaining four, this property offers a low-cost path to a high-yield, multi-stream rental asset. INDUSTRIAL UTILITY: 53-FOOT TRAILER ACCESS AND 6-GANG POWER Loading is seamless via six 12 x 14 grade-level roll-up doors. Property footprint is designed to accommodate a 53-foot trailer. The 9, 000 SF shell maintains an efficient ratio of 8% office to 92% warehouse space, with interior clear heights ranging from 13'7'' to 16'11''. The facility is equipped with a 6-gang electrical meter bank and 600 Amp single-phase power, providing dedicated service points for each of the six potential rental units. The front office has 200 amp service. UNINCORPORATED BAY COUNTY LOCATION: LOWER TAXES AND FEWER RESTRICTIONS Located in Unincorporated Bay County rather than city limits, this property offers a strategic financial advantage with lower property tax rates, set at 5.4362 mills for 2026. Owners benefit from fewer municipal restrictions regarding signage or ''Gateway Overlay'' facade requirements. Standard county setbacks apply here, offering significantly more buildable flexibility than properties bordering strict city-residential zones. STRATEGIC PRICING: ENGINEERED FOR SAFETY AND PROFIT At a listing price of $2.5M, this asset is positioned at approximately $277 per SF, strategically aligned with the early 2026 PCB flex-industrial average of $290-$310 per SF. The property is located in Flood Zone AE with a community-determined base flood elevation (BFE) of 11.0'. Highlighting its superior engineering, the finished floor elevation is set at 12.75', providing 1 foot 9 inches of clearance above the required BFE for enhanced safety and insurance advantages. Buyer to verify height allowance, ISR, and FAR for future development. Current tenant occupies 1500 sq ft and on a month to month lease.

MLS® Number785853

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age2022

Stories1

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 26, 2026List Date

$2,500,000List Price

Map

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